{"id":6507,"date":"2021-05-03T08:13:29","date_gmt":"2021-05-03T13:13:29","guid":{"rendered":"https:\/\/www.realtyhop.com\/blog\/?p=6507"},"modified":"2022-01-25T13:56:36","modified_gmt":"2022-01-25T18:56:36","slug":"realtyhop-price-drops-report-may-2021","status":"publish","type":"post","link":"https:\/\/www.realtyhop.com\/blog\/realtyhop-price-drops-report-may-2021\/","title":{"rendered":"RealtyHop Price Drops Report: May 2021"},"content":{"rendered":"<div style=\"max-width: 900px; width: 100%; height: auto; margin-left: auto; margin-right: auto;\"><img decoding=\"async\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2021\/05\/nyc-price-drops-featured-image-may-2021.jpg\" alt=\"RealtyHop-Price-Drops-Apr-2021\" \/><\/div>\n<p>The real estate market has its ups and downs. In May&#8217;s monthly price drop report, RealtyHop analyzed available data for April across boroughs and neighborhoods in New York City to provide a useful resource for those looking to invest in real estate.<\/p>\n<p>We focused on neighborhoods with the highest total number of price drops, specifically the highest price drops by median percentage, median dollar value, and street address.<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2><strong>A Closer Look at NYC&#8217;s Neighborhoods<\/strong><\/h2>\n<p>Our interactive map below depicts the neighborhoods we analyzed. All numbers are based on RealtyHop&#8217;s proprietary dataset.<\/p>\n<p><button class=\"button button1\" button onclick = \"embedPopup()\" button = \"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2021\/05\/nyc-price-drops-map-may-2021.html\" style=\"display: block; margin-left: auto; margin-right: 0px;\">Get the code to embed this map!<\/button><\/p>\n<div style=\"position: relative; overflow: hidden; width: 100%; max-width: 1000px; height: 680px; margin-left: auto; margin-right: auto; margin-bottom: 15px; border: 1px transparent #fffff; border-radius: 15px;\">\n<div style=\"padding-bottom: 68%; height: 0px; position: relative; width: 100%;\">\n<div style=\"position: absolute; height: 100%; width: 100%;\" align=\"center\"><iframe loading=\"lazy\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2021\/05\/nyc-price-drops-map-may-2021.html\" width=\"100%\" height=\"100%\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><br \/>\n<\/iframe><\/div>\n<\/div>\n<\/div>\n<p><script>function embedPopup() {alert('<iframe loading=\"lazy\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2021\/05\/nyc-price-drops-map-may-2021.html\" width=\"100%\" height=\"600px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe>');}<\/script><\/p>\n<h2><strong>Top 5 Neighborhoods With the Highest Number of Price Drops<\/strong><\/h2>\n<div style=\"width: 100%; max-width: 1068px; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px; width: 100%;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 45%; border: none; background-color: #51527c; color: #ffffff;\">Neighborhood<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff;\">Borough<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Number of Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Turtle Bay-East Midtown<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">190<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Upper East Side-Carnegie Hill<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">182<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Upper West Side<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">133<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Hudson Yards-Chelsea-Flatiron-Union Square<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">103<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%; border-bottom: 1px solid #51527c;\">Lenox Hill-Roosevelt Island<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">101<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>For the month of April, the neighborhoods that saw the most price drops were again all located in <a href=\"https:\/\/www.realtyhop.com\/for-sale\/manhattan-new-york-ny\">Manhattan<\/a>. As the market continued to improve, the number of price changes we observed increased. Turtle Bay-East Midtown once again came in as the #1 neighborhood with the most price drops, with a total of 190 price decreases, 23.3% more than in the previous month. The neighborhoods on the list had a total number of price drops ranging from 101 to 190 price drops.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Top 5 Neighborhoods With the Highest Median Percentage Price Drops<\/strong><\/h2>\n<div style=\"width: 100%; max-width: 1068px; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px; width: 100%;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 45%; border: none; background-color: #51527c; color: #ffffff;\">Neighborhood<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff;\">Borough<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Median % Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Hammels-Arverne-Edgemere<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Queens<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-28.6% (-$150,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Hunts Point<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Bronx<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-12.7% (-$15,500)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Longwood<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Bronx<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-11.9% (-$31,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">East Flushing<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Queens<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-9.6% (-$120,500)<\/td>\n<\/tr>\n<tr style=\"height: 40px15; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%; border-bottom: 1px solid #51527c;\">Norwood<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c;\">Bronx<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-8.8% (-$110,000)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Percentage-wise, Hammels-Arverne-Edgemere, <a href=\"https:\/\/www.realtyhop.com\/for-sale\/queens-new-york-ny\">Queens<\/a> saw the biggest price drops this month, with median percentage price drop hitting 28.6%, or $150,000 in dollar terms. Meanwhile, Hunts Point, <a href=\"https:\/\/www.realtyhop.com\/for-sale\/bronx-new-york-ny\">Bronx<\/a> came in as the #2 neighborhood with the highest median percentage price drop. The neighborhood experienced a median price drop of 12.7%, or $15,500.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Top 5 Neighborhoods With the Highest Median Dollar Price Drops<\/strong><\/h2>\n<div style=\"width: 100%; max-width: 1068px; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px; width: 100%;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 45%; border: none; background-color: #51527c; color: #ffffff;\">Neighborhood<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff;\">Borough<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Median $ Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">Hammels-Arverne-Edgemere<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Queens<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$150,000 (-28.6%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">SoHo-TriBeCa-Civic Center-Little Italy<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$150,000 (-4.7%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">East Harlem South<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$142,500 (-7.1%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">East Flushing<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Queens<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$120,500 (-9.6%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%; border-bottom: 1px solid #51527c;\">Norwood<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c;\">Bronx<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-$110,000 (-8.8%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Hammels-Arverne-Edgemere, Queens came in as the #1 neighborhood with the highest median dollar price drop this month, with a median price drop of $150,000. <a href=\"https:\/\/www.realtyhop.com\/for-sale\/soho-new-york-ny\">SoHo-TriBeCa-Civic Center-Little Italy<\/a> also had a median dollar price drop of $150,000 in the month of April, but given the overall higher real estate values in the neighborhood, that amount only accounts for a 4.7% price change. The neighborhoods on the list had a median price drop ranging from $110,000 to $150,000 in dollar terms.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Top 5 Addresses (Still on the Market) with the Highest Percentage Price Drop in April<\/strong><\/h2>\n<div style=\"width: 100%; max-width: 1068px; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px; width: 100%;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 45%; border: none; background-color: #51527c; color: #ffffff;\">Address<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff;\">Current Price<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Recent % Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/303-e-57th-st-new-york-ny-10022\/44g\/12951486\">303 E 57th St #44G, Manhattan, NY, 10022<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$550,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-30.8% (-$245,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\">\u00a0<a href=\"https:\/\/www.realtyhop.com\/building\/205-beach-30th-st-far-rockaway-ny-11691\/house\/10875477\">205 Beach 30th St, Queens, NY 11691<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$375,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-28.6% (-$150,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/67-07-roosevelt-avenue-woodside-ny-11377\/house\/13892909\">67-07 Roosevelt Avenue, Queens, NY 11377<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$1,099,888<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-26.7% (-$400,112)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/245-7th-ave-10011\/phbc\/1228154\">245 7th Ave #PHBC, Manhattan, NY 10001<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$5,995,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-24.1% (-$1,900,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%; border-bottom: 1px solid #51527c;\"><a href=\"https:\/\/www.realtyhop.com\/building\/123-washington-st-new-york-city-ny-10006\/51d\/13750674\">123 Washington St #51D, Manhattan, NY 10006<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c;\">$1,900,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-24.0% (-$600,000)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>The table above highlights the properties with the highest percentage price drop in the past month that are still on the market, three of which are located in Manhattan. Th\uff11e address with the highest percentage price drop was <strong>303 E 57th Street Unit 44G<\/strong>, a co-op unit located in <a href=\"https:\/\/www.realtyhop.com\/for-sale\/midtown-east-new-york-ny\">Midtown East<\/a>. All properties on the list experienced a price cut over 24%.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Top 5 Addresses (Still on the Market) with the Highest Dollar Price Drop in April<\/strong><\/h2>\n<div style=\"width: 100%; max-width: 1068px; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px; width: 100%;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 45%; border: none; background-color: #51527c; color: #ffffff;\">Address<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff;\">Current Price<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Recent $ Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/820-5th-ave-new-york-city-ny-10065\/3fl\/8733069\">820 5th Ave #3FL, Manhattan, NY 10065<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$39,000,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$11,000,000 (-22.0%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/432-park-ave-10022\/82fl\/11470307\">432 Park Ave #82FL, Manhattan, NY 10022<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$79,000,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$11,000,000 (-12.2%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/2-park-pl-new-york-ny-10007\/paviliona\/6266408\">2 Park Pl #PavalionA, Manhattan, NY 10007<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$25,950,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$3,900,000 (-13.1%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/15-central-park-w-new-york-ny-10023\/37a\/14000150\">15 Central Park West #37A, Manhattan, NY\u00a010023<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$24,500,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$3,500,000 (-12.5%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%; border-bottom: 1px solid #51527c;\"><a href=\"https:\/\/www.realtyhop.com\/building\/247-w-46th-st-new-york-ny-10036\/ph2\/8101740\">247 W 46th St #PH2, Manhattan, NY 10036<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c;\">$10,499,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-$3,001,000 (-22.3%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>All five properties that had the highest price drops in dollar terms were all located in Manhattan. 820 5th Avenue #3FL, a six-bedroom, seven-bathroom co-op unit in the Upper East Side is currently for sale for $39M, after a price reduction of $11M, or 22% of the original asking price. The top addresses with the highest price drops in absolute dollar value ranged in drops between $3M to $11M in the past month.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Full Dataset<\/strong><\/h2>\n<p>The interactive table below includes all NYC listings with price drops in the month of April. You can sort by column or do a quick search using the search bar.<\/p>\n<div style=\"max-width: 1068px; width: 100%; height: auto;\"><iframe loading=\"lazy\" style=\"sroll: hidden;\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2021\/05\/nyc-price-drops-full-data-may-2021.html\" width=\"100%\" height=\"760\" frameborder=\"0\"><\/iframe><\/div>\n<h2><strong>Methodology<\/strong><\/h2>\n<p>The New York City Price Drop report is a monthly report that analyzes proprietary data from RealtyHop to map price drops for listings in New York City. It includes listings that experienced price changes the month prior to publications in all five boroughs of New York City.<\/p>\n<p>Want to know who owns these listings? Check it out by using our <a href=\"https:\/\/www.realtyhop.com\/property-records\/search\">New York Property Records Search<\/a>.<\/p>\n<style>\n.button1 {box-shadow: 0 0 0 0 rgba(0,0,0,0.2), 0 0 0 0 rgba(0,0,0,0.19);}.button {   background-color: #51527c; border: none; color: #ffffff; padding: 5px 15px; text-align: center; text-decoration: none; display: inline-block; font-size: 15px; font-weight: bold; margin:4px 2px; cursor: pointer; -webkit-transition-duration: 0.4s; transition-duration: 0.4s;}<\/style>\n","protected":false},"excerpt":{"rendered":"<p>The real estate market has its ups and downs. In May&#8217;s monthly price drop report, RealtyHop analyzed available data for April across boroughs and neighborhoods in New York City to provide a useful resource for those looking to invest in real estate. We focused on neighborhoods with the highest total number of price drops, specifically [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":6504,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-6507","post","type-post","status-publish","format-standard","has-post-thumbnail","category-market-trends-and-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RealtyHop Price Drops Report: May 2021 - RealtyHop Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.realtyhop.com\/blog\/realtyhop-price-drops-report-may-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RealtyHop Price Drops Report: May 2021 - RealtyHop Blog\" \/>\n<meta property=\"og:description\" content=\"The real estate market has its ups and downs. 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